Hanwha SolarOne Supplies 12.9 MW Of Modules To Spanish/Portuguese Consortium

(RTTNews) - Hanwha SolarOne Co. Ltd. (HSOL, SOLF), a photovoltaic or PV provider of high-quality, cost competitive solar photovoltaic modules, Friday said it recently supplied 12.9 MW of HSL PV modules to the Spanish/Portuguese consortium Gransolar & Hyperion.

These high-durability, high-output PV modules are being installed in solar parks across the areas of Lisbon and Coimbra, Portugal.

Juan Pedro Alonso, CEO of Gransolar, said, "In addition to this most recent project, Hanwha SolarOne has supplied modules to a number of Gransolar projects, including two in South Africa that totaled 155 MW."

Min-Su Kim, President of Hanwha SolarOne said, "Following the adoption of the rigorous price undertaking in the European solar market, solar project profitability is even more dependent upon the long-term performance of PV modules applied, which is why we are committed to providing high-quality products that translate into success for our customers."

In September and October, Hanwha SolarOne delivered another 17.8 MW of PV modules to six solar parks in Portugal. Furthermore, the company recently secured a contract to supply 20 MW of PV modules to solar parks in the United Kingdom in December and throughout the first quarter of 2014.

In pre-market activity, shares are currently trading at $3.58, up $0.06 or 1.70 percent.